The Florida Supreme Court settled last week a critical property/casualty coverage issue dating to Hurricane Frances in 2004, ruling that an apartment complex owner cannot sue for lost rental income. The case threatened to set a critical precedent for P&C insurers.

The board adds representatives from prominent insurance industry organizations, including MetLife Asia, Lloyd’s and Chubb Group.

Global rating agency explains why it decided to assess innovation

Adapting to new ways of working and thinking is never easy, but the insurance industry is ripe for a revolution, and it is up to industry leaders to understand the trends that will lead the way.

Industry veteran comes into a newly created role

Water pipes can freeze in parts of the country known for very cold weather, but not always. State Farm Insurance has released a top 10 list of the states most affected by frozen pipe losses. It is serving as a stark reminder that it’s not just the parts of the US known for the coldest weather that can be affected by this costly damage. Homes with both copper and plastic water pipes can suffer from damage from freezing and bursting. Frozen pipe losses aren’t as simple to repair and clean…

If you think insurers have issues with their mishmash of legacy technology platforms, take a look at the rat’s nest of letters, emails and other documents that languish in an array of systems and formats. As insurers deal with the fallout from COVID and dedicate themselves to improving the customer experience, many still shy away […]
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